Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of herbicides and fungicides, where its structure contributes to the efficacy of the final product. Additionally, it is utilized in research settings for the synthesis of complex organic molecules, aiding in the study of chemical reactions and pathways. Its application in the pharmaceutical industry includes the creation of compounds with potential therapeutic properties, making it a versatile reagent in drug discovery and development.